Geniebook is a Singapore-based learning platform that uses a combination of machine learning and human teachers to personalize each student’s education, raised $16.6 million in Series A funding.
The round was led by East Ventures and Lightspeed Venture Partners, with participation by angel investors including John Danner, founder of Dunce Capital; Gaurav Munjal and Roman Saini, founders of Indian edtech unicorn Unacademy; Snapdeal founders Kunal Bahl and Rohit Bansal; and senior executives from Grab, Shopee, and Gojek.
The startup’s Series A brings its total raised to about $18 million. Geniebook’s last round of funding was a $1.1 million pre-Series A round in 2019 from Apricot Capital.
Geniebook’s new funding will be used to hire for leadership roles, build its product development team, and market expansion.
Company: Geniebook Pte Ltd.
Raised: $16.6M
Round: Series A
Funding Month: October 2021
Lead Investors: East Ventures and Lightspeed Venture Partners
Additional Investors: John Danner, Gaurav Munjal, Roman Saini, Kunal Bahl, and Rohit Bansal
Company Website: https://geniebook.com/
Software Category: Personalized Learning Platform
About the Company: Founded in 2017, Geniebook is a Singapore-based learning platform that uses a combination of machine learning and human teachers to personalize each student’s education. Geniebook offers English, mathematics, and science courses based on Singapore’s national curriculum for primary and secondary school students. The platform’s three core features are GenieSmart, or practice sheets customized for students with AI-based tech; live online classes that can host up to 900 students at a time; and GenieAsk, where a teacher and teaching assistant are assigned to groups of 50 students for class discussions and help. The startup was founded by Neo Zhizhong and Alicia Cheong, who met while they were in university. In Geniebook’s communities, students are encouraged to work together, with teachers and teaching assistants providing learning content, guidance, and corrections.
Source: https://techcrunch.com/2021/10/18/singapore-based-geniebooks-personalized-learning-platform-raises-16-6m-series-a/